Finance
Sock JohnsonBanks Go Big in Tier-1 Cities; ATMs Hit a Snag!
Listen up, folks! The RBI just dropped a bombshell: in FY25, banks opened branches like they were going for gold in tier-I cities, claiming half the glory! With a total of 1.64 lakh branches now strutting their stuff, public sector banks are still the champions of ATMs, while private banks are switching up their game. Expansion is heating up, and the banking showdown is just getting started!
few days ago | Anupreksha Jain
Quick rundown
1.Tier-I centers saw the most bank branch growth in FY25.
2.Public sector banks lead in ATM distribution across India.
3.Digital payments are reducing ATM usage.
4.Southern India has the most bank branches.
5.Private banks opened fewer branches in FY25 compared to FY24.
